Contractor sees opportunities in coal

Australian mining contractor NRW Holdings sees potential for more work opening up in the coal mining sector.

“Our mining business has ongoing contracts with Middlemount Coal and Rio Tinto, which extend beyond the end of the new financial year and several opportunities particularly in coal, gold and the emerging lithium market to secure additional work,” the company said.

“The drill and blast business has won several key long-term projects in gold and coal during the year and has a number of identified opportunities together with the capacity to grow revenues in FY17.”

The company reported revenue of AUS$277 million for the financial year to June 2016 (FY2016) with a post tax profit of AUS$21.5 million. It also reported that it had already secured AUS$325 million of additional work to be delivered in FY2017 with a forward order book now standing at around AUS$1 billion.